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Algernon Announces Increase to Private Placement Financing to $750,000 and Close of Third Tranche
Globenewswire· 2025-12-23 21:01
Core Viewpoint - Algernon Health Inc. has increased its non-brokered private placement financing to CAD $750,000, with the third tranche closing at CAD $352,500 from the sale of 5,035,714 units at CAD $0.07 per unit, contributing to a total of CAD $739,500 raised from the sale of 10,564,286 units [2][3] Financing Details - The gross proceeds from the third tranche amounted to CAD $352,500, bringing the total financing to CAD $739,500 from the sale of 10,564,286 units [2][3] - The first and second tranches were closed on November 14, 2025, and November 28, 2025, respectively [2] Use of Proceeds - The proceeds from the offering will be utilized to advance the Alzheimer's Disease program, including the opening of the first U.S. Alzheimer's Disease clinic, as well as for general administrative expenses and working capital [3] Company Overview - Algernon Health is a Canadian healthcare company focused on brain optimized PET scanning services for early-stage detection of Alzheimer's Disease and other neurological conditions [6] - The company is also the parent of Algernon USA LLC, which will manage all U.S. neuroimaging operations [6]
Visionary Copper and Gold Mines Inc. Closes Final Tranche of Private Placement Financing
Globenewswire· 2025-12-19 13:30
Core Viewpoint - Visionary Copper and Gold Mines Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $3,040,262 through the issuance of charity flow-through units and Manitoba charity flow-through units [1][2]. Group 1: Private Placement Details - The company issued 1,333,334 charity flow-through units at $1.11 per unit, generating gross proceeds of $1,480,000.74, and 267,176 Manitoba charity flow-through units at $1.31 per unit, generating gross proceeds of $350,000.56 [1]. - Each charity flow-through unit consists of one flow-through common share and one-half of a transferable common share purchase warrant, with each warrant exercisable into one additional common share at an exercise price of C$1.10 for two years from closing [2]. - The company has the right to accelerate the expiry date of the warrants if the volume weighted average price of the common shares reaches $1.50 for 10 consecutive trading days [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through units will be utilized to incur eligible "Canadian exploration expenses" related to the Pt. Leamington Project in Newfoundland, which will qualify as "flow-through critical mineral mining expenditures" [4]. Group 3: Debt Settlement - The company has agreed to settle indebtedness totaling $584,532 with certain creditors by issuing 446,043 common shares, which will also be subject to resale restrictions for four months [6].
Quebec Nickel Corp. Announces Letter of Intent to Acquire the Ecru Property, Nevada
TMX Newsfile· 2025-12-17 21:58
Core Viewpoint - Québec Nickel Corp. has entered into a non-binding letter of intent to acquire a 100% interest in the Ecru Property, located in a prolific gold district in Nevada, for a total consideration of $505,000 [1][3]. Acquisition Details - The Ecru Property consists of 112 mining lode claims and is situated north of a significant gold deposit cluster [2]. - The acquisition will involve a payment structure that includes $250,000 in cash, $130,000 in common shares issued at $0.125 per share, and $125,000 in common shares to be issued within six months at the 10-day VWAP [18]. Financial Aspects - Québec Nickel has paid a non-refundable commitment fee of $25,000 for a 60-day exclusivity period, which will be credited against the purchase price upon completion [4]. - The company plans to complete a non-brokered private placement for up to $500,000, with proceeds intended for general working capital [10]. Strategic Intent - The acquisition aligns with Québec Nickel's strategy of acquiring high-quality mineral assets in established mining jurisdictions [6]. - The company aims to advance the Ecru Property through systematic technical review and disciplined exploration planning, including the preparation of a NI 43-101 compliant technical report [6]. Property Overview - The Ecru Property is located within the Cortez Gold Camp, adjacent to Nevada Gold Mines' Robertson Deposit, and is associated with significant gold endowment [7]. - Historical exploration activities have identified multiple untested targets, indicating high potential for gold mineralization [8]. Management Changes - Mr. Johan Lambrechts has been appointed to the Board of Directors, bringing over 20 years of experience in exploration and resource development [9][10].
Edison Lithium Announces Private Placement Financing
TMX Newsfile· 2025-12-17 11:30
Core Viewpoint - Edison Lithium Corp. is conducting a non-brokered private placement to raise up to $600,000 through the sale of 12,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of up to 12,000,000 units priced at $0.05 each, aiming for gross proceeds of up to $600,000 [1]. - Each unit includes one common share and one warrant, allowing the holder to purchase an additional share at $0.08 for two years [1]. - The net proceeds will be used for exploration activities and general working capital [2]. Group 2: Related Party Transactions - Certain directors and officers may participate in the offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the value of securities distributed to insiders will not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Edison Lithium Corp. is a Canadian junior mining exploration company focused on cobalt, lithium, alkali, and other energy metals [5]. - The company's acquisition strategy emphasizes cost-effective mineral properties in areas with proven geological potential [5]. - Edison aims to build a portfolio of quality assets to supply critical materials to the battery industry, capitalizing on the growing interest in battery metals [5].
Viva Gold Increases The Size Of The Previously Announced Private Placement Offering
Thenewswire· 2025-12-16 22:00
  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Langley, British Columbia – December 16, 2025 – TheNewswire - Viva Gold Corp. (“Viva Gold” or the “Company”) (TSXV: VAU, OTCQB: VAUCF) is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement financing (the “Offering”), originally announced on December 11, 2025.The Company has upsized the Offering from up to 18,750,000 u ...
ATERRA Metals Announces $3 Million Private Placement
TMX Newsfile· 2025-12-16 13:30
Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (formerly Cascada Silver Corp.) ("ATERRA" or the "Company") is pleased to announce that it intends to undertake a non-brokered private placement financing from the sale of up to 154,520,550 units ("Units") at a price of $0.02 per Unit, to raise aggregate gross proceeds of up to $3,090,411 (the "Offering"). The Company has appointed Research Capital Corporation as the exclusive finder for the Offering.The O ...
Visionary Copper and Gold Mines Inc. Closes First Tranche of Private Placement Financing
Globenewswire· 2025-12-09 16:53
Core Points - Visionary Copper and Gold Mines Inc. has closed the first tranche of a non-brokered private placement, issuing 1,613,815 hard dollar units at a price of C$0.75 per unit, resulting in gross proceeds of C$1,210,361 [1][2] Group 1: Private Placement Details - Each hard dollar unit consists of one common share and one-half of a transferable common share purchase warrant, with each warrant exercisable into one additional common share at an exercise price of C$1.10 for two years from closing [2] - The company is also offering up to 1,333,333 flow-through units at a price of C$1.11 per unit for gross proceeds of up to C$1,480,000, and up to 267,175 Manitoba flow-through units at a price of C$1.31 per unit for gross proceeds of up to C$350,000 [3] - The gross proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the Pt. Leamington Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4] Group 2: Insider Participation and Regulatory Compliance - Insiders of the company subscribed for 229,482 hard dollar units for gross proceeds of C$172,111, which is considered a related party transaction subject to Multilateral Instrument 61-101 [5] - The closing of the offering is subject to acceptance by the TSX Venture Exchange [6] Group 3: Company Overview - Visionary Copper and Gold Mines Inc. is advancing its portfolio of base and precious metals deposits, including the 100% owned Point Leamington Deposit in Newfoundland, which has an indicated mineral resource of 5.0 million tonnes grading 2.5 g/t AuEq for 402,000 ounces AuEq [8] - The company is also permitting the Rainbow deposit at its Pine Bay Project, with an indicated mineral resource of 3.44 million tonnes grading 3.59% CuEq for 272.4 million pounds CuEq [9]
Aurania Closes Private Placement Financing
Newsfile· 2025-12-05 22:56
Core Points - Aurania Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of C$771,776.92 through the issuance of 6,431,466 units at a price of C$0.12 per unit [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one share at C$0.25 for 24 months [2] - The net proceeds will primarily fund a preliminary economic assessment on the Balangero tailings retreatment project in Italy, exploration programs, and general working capital [4] Offering Details - The offering included finder's fees of C$2,805.60 and 23,380 compensation warrants, each allowing the acquisition of one unit at C$0.12 for 24 months [3] - The closing of the offering is subject to necessary regulatory approvals, including final approval from the TSX Venture Exchange [5] Related Party Transactions - Dr. Keith Barron, CEO and director, acquired 4,166,666 units in the offering, constituting a related party transaction [6] - Following the acquisition, Dr. Barron holds approximately 45.05% of the issued and outstanding common shares on a non-diluted basis [7][8] Company Overview - Aurania is focused on mineral exploration, particularly in precious metals and critical energy sectors in Europe and abroad [11]
Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs
Newsfile· 2025-12-05 08:01
Core Viewpoint - Adelayde Exploration Inc. has successfully closed a private placement financing, raising a total of $2,017,000 to fund multiple work programs in 2026 [1][2]. Financing Details - The company closed a non-brokered private placement of 9,675,000 non-flow-through units (NFT Units) at $0.10 each, generating gross proceeds of $967,500 [1]. - Additionally, 8,073,078 flow-through units (FT Units) were sold at $0.13 each, resulting in gross proceeds of $1,049,500 [1]. - The total gross proceeds from both offerings amount to $2,017,000 [1]. Unit Composition - Each NFT Unit consists of one common share and one transferable common share purchase warrant, allowing the purchase of one NFT Share at $0.20 for five years [2]. - Each FT Unit includes one flow-through common share and one NFT Share purchase warrant, permitting the purchase of one NFT Share at $0.25 for two years [2]. Finder's Fees and Warrants - The company paid cash finder's fees totaling $71,160 and issued 618,000 NFT Finder's Warrants, allowing the purchase of one NFT Share at $0.20 for two years [3]. - Additionally, 72,000 FT Finder's Warrants were issued, with the same purchase terms as the NFT Finder's Warrants [3]. - A total of 540,000 common shares were also issued as part of the finder's compensation [3]. Use of Proceeds - Proceeds from the FT Offering will be allocated to the company's existing properties in Canada, while net proceeds from the NFT Offering will support general working capital [4].
Mercado Minerals Closes Private Placement and Welcomes Vizsla Silver as a Strategic Shareholder
Thenewswire· 2025-12-01 12:30
Core Viewpoint - Mercado Minerals Ltd. has successfully closed a non-brokered private placement financing, raising gross proceeds of C$5,598,000 through the issuance of 27,990,000 units at a price of C$0.20 per unit, with participation from Vizsla Silver Corp [1][2]. Group 1: Financing Details - The Offering consisted of 27,990,000 units, each unit comprising one common share and one half of a common share purchase warrant, with warrants exercisable at C$0.35 until November 28, 2028 [1][2]. - Finder's fees amounted to C$218,400 in cash, along with the issuance of 1,074,500 finder's warrants, also exercisable at C$0.35 until November 28, 2028 [3]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards exploration of the recently acquired properties Copalito and Zamora, acquisition costs, new project generation, investor relations programs, and general corporate working capital [4]. Group 3: Company Overview - Mercado Minerals Ltd. is engaged in acquiring and exploring mineral properties in the Americas, with a focus on the exploration and evaluation of the Porter Property in British Columbia [5].